Atlantic Trust Group LLC Buys 1,425 Shares of Eaton Corporation, PLC (ETN)

Atlantic Trust Group LLC raised its stake in Eaton Corporation, PLC (NYSE:ETN) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 44,505 shares of the industrial products company’s stock after buying an additional 1,425 shares during the period. Atlantic Trust Group LLC’s holdings in Eaton Corporation, PLC were worth $3,300,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ETN. Boston Partners boosted its stake in shares of Eaton Corporation, PLC by 286.0% in the first quarter. Boston Partners now owns 7,227,300 shares of the industrial products company’s stock valued at $535,904,000 after buying an additional 5,354,998 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Eaton Corporation, PLC by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 8,125,063 shares of the industrial products company’s stock valued at $602,474,000 after buying an additional 510,717 shares during the last quarter. Swiss National Bank boosted its stake in shares of Eaton Corporation, PLC by 26.8% in the first quarter. Swiss National Bank now owns 1,600,578 shares of the industrial products company’s stock valued at $118,683,000 after buying an additional 337,900 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Eaton Corporation, PLC during the first quarter valued at $21,446,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Eaton Corporation, PLC by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 1,335,214 shares of the industrial products company’s stock valued at $99,003,000 after buying an additional 238,766 shares during the last quarter. 76.36% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Eaton Corporation, PLC (NYSE:ETN)

Eaton Corporation, PLC (NYSE ETN) opened at 78.07 on Tuesday. The firm has a 50 day moving average of $76.78 and a 200-day moving average of $72.64. The stock has a market cap of $34.92 billion, a PE ratio of 18.19 and a beta of 1.27. Eaton Corporation, PLC has a 12-month low of $54.30 and a 12-month high of $79.31.

Eaton Corporation, PLC (NYSE:ETN) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.70 billion. Eaton Corporation, PLC had a net margin of 9.86% and a return on equity of 12.82%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, analysts expect that Eaton Corporation, PLC will post $4.64 earnings per share for the current year.

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Several equities research analysts have recently weighed in on ETN shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $73.00 price target on shares of Eaton Corporation, PLC in a research report on Sunday, March 12th. Credit Suisse Group reaffirmed a “buy” rating on shares of Eaton Corporation, PLC in a research report on Tuesday, March 28th. Zacks Investment Research raised shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, February 21st. Longbow Research raised shares of Eaton Corporation, PLC from a “neutral” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, April 4th. Finally, Citigroup Inc. upped their price target on shares of Eaton Corporation, PLC from $80.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $77.00.

In other news, insider Richard H. Fearon sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,906,000.00. Following the completion of the sale, the insider now owns 236,497 shares in the company, valued at approximately $18,030,531.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Uday Yadav sold 3,034 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $76.08, for a total transaction of $230,826.72. Following the sale, the insider now owns 22,601 shares of the company’s stock, valued at approximately $1,719,484.08. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Eaton Corporation, PLC Company Profile

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ETN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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